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Banking shakeup: Nguyen Duc Thuy becomes acting CEO of Sacombank

Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) has just announced a significant change in its top management.

Green push gains momentum in HCM City with subsidized loans up to $8 million

With the green transformation deepening, Ho Chi Minh City businesses can now access subsidized loans of up to $8 million per project through the HFIC to accelerate their sustainability goals.

ESG no longer optional: Vietnamese firms must act to compete worldwide

ESG has evolved from a voluntary trend into a global requirement-and now Vietnamese companies must embrace it or risk being left behind.

Vietnam’s economy surges in 2025, sets sights on double-digit growth in 2026

Vietnam’s 2025 GDP is expected to reach $510B, with per capita income surpassing $5,000.

Vietnam stock market ends 2025 at historic peak, enters new growth phase

FTSE Russell reclassifies Vietnam as an emerging market following a surge in investor confidence and reforms.

With three university degrees, Vietnamese man returns home to grow mushrooms

Nguyen Tien Dat turned away from urban life to farm black termites mushrooms using smart technology - now earning thousands each month.

Vietnam issues new forex regulations for international financial centers

A new government decree outlines foreign exchange control, anti-money laundering, and cross-border investment rules for financial centers.

Vietnam launches international financial center to rise on global stage

On Sunday morning, PM Pham Minh Chinh chaired the official launch of Vietnam’s International Financial Center, an event he described as a historic milestone in the country’s path of integration and development after four decades of reform.

Inventory panic: business households scramble to comply as presumptive tax ends

Stocktaking is one of the issues that concerns many business households as they transition from presumptive tax to declaration-based tax starting in 2026 and begin using e-invoices for sales activities.

Basement EV parking: closing legal gaps with technical standards

The “No EVs” signboard at the HH Linh Dam apartment basement reflects the conflict between the goal of green transition and residents’ safety concerns, amid the context in which laws have not kept pace with reality.

Vietnam’s economy thrives in 2025 with gold, stocks, real estate all surging

From record-high gold prices to a booming stock market and industrial real estate, Vietnam’s 2025 economy proves resilient and ambitious.

Despite abundant liquidity, banks still racing to raise interest rates

Experts believe the current gap between loan growth and deposit growth mainly reflects a shift in capital structure, rather than a system-wide liquidity shortage.

Dollar cools and interest rates surge to 8%, gold still hits new highs

The dong/dollar exchange rate is cooling rapidly in the final days of 2025 as deposit interest rates are surging, with some banks offering rates above 8 percent per year.

Wave of social housing projects launched across Vietnam

From Hanoi to Da Nang and Quang Ninh, numerous large-scale social housing projects, each worth billions of Vietnamese dong, broke ground on December 19, injecting new momentum into the affordable housing market.

Vietnam trade hits record USD 920 billion, enters top 15 globally

Vietnam’s total import-export turnover in 2025 is projected to set a new all-time record of USD 920 billion, placing the country among the world’s top 15 trading economies and paving the way for stronger economic growth.

Vietnam unveils administrative boundaries for international financial centers

The government defines specific locations in Ho Chi Minh City and Da Nang to host Vietnam’s two premier financial hubs.

Metro Line 1 sends shockwaves through HCM City’s real estate market

Apartment prices soar by up to 100% following the launch of Metro Line 1, reshaping the city’s housing market.

Vietnam’s $15B wood industry adapts to US countervailing duties

Facing U.S. countervailing duties on wood products, Vietnam’s $15 billion wood industry is finding creative and adaptive ways to move forward.

Vietjet chairwoman proposed for prestigious Hero of Labor award

The Ministry of Home Affairs is currently seeking public feedback on a proposal to award the title of “Hero of Labor” to Nguyen Thi Phuong Thao, Chairwoman of the Board of Directors of Vietjet Aviation Joint Stock Company.

Vietnam forms executive council for international financial centers

A new nine-member council led by Deputy PM Nguyen Hoa Binh will steer Vietnam’s ambition to become a global financial hub.